Sen. Bill Hagerty slams Biden’s Build Back Better, says

The recent climate summit in Glasgow provided plenty of theater. Perhaps nothing was more theatrical than the global shakedown effort staged by a group of African nations that demanded the developed world hand over $1.3 trillion every year to compensate them for the hardships delivered by climate change.

That preposterous figure – twice the GDP of Belgium – disappeared from press accounts almost immediately since even climate activists (aka the liberal media) recognized that the outlandish sum would likely blow up any progress toward making wealthy nations pay for past emissions.

The demand highlights the non-serious negotiations that characterize these yearly U.N.-sponsored global gatherings. Since the Paris climate accord was struck in 2015, prosperous countries have promised to provide $100 billion each year from 2020 to 2025 to help underdeveloped nations cope with climate change. That target has not been met once.

In 2019, the OECD claims member nations contributed some $80 billion toward helping poor countries adapt to climate change, which included $14 billion from the private sector, but in 2020 the group fell short of the $100 billion goal.

So, even though $100 billion a year seems a stretch, $1.3 trillion is the new ask.

Of course, the United States is meant to be the major donor, and indeed has taken the lead. As the Wall Street Journal reported, “The Biden administration has pledged to double climate funding to developing countries to $11.4 billion annually by 2024, which would make the U.S. by far the biggest single benefactor.” Nice of Uncle Joe to hand over our money to global petitioners.

Especially nice since the brief history of U.N.-sponsored investing through its Green Climate Fund, the primary vehicle for delivering aid against warming to impoverished nations, has been spotty at best. After some successful investments in Egyptian solar farms, further projects have been canceled thanks to disputes over demands to ensure gender equity in its grants (??) and beneficiaries’ resistance to oversight from donors.
President Biden speaks during a press conference at the U.N. Climate Change Conference (COP26) in Glasgow, Scotland, on Nov. 2, 2021.

President Biden speaks during a press conference at the U.N. Climate Change Conference (COP26) in Glasgow, Scotland, on Nov. 2, 2021. (REUTERS/Kevin Lamarque)

The overall climate deal struck at COP26 turned out to be a largely toothless series of platitudes and promises that allowed everyone to finally go home and claim the costly emissions-spewing event, replete with squadrons of private jets, was not an entire waste of time.

The big newsflash was that the final communique actually mentioned the words “fossil fuels” for the first time, apparently akin in shock value to Harry Potter saying “Voldemort” out loud.

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Even the bullish Times had to admit, the pact “will not, on its own, solve global warming…”  But then, that was only one of the purposes of the gathering.

Progressives have bigger fish to fry. They are not only keen to redistribute wealth in the U.S.; they want to take their rebalancing act global.  

The compliant liberal media is helping this push. In a recent front-page article, the New York Times helpfully presented a visual, highlighting the U.S. share of historical emissions. As the Times reports, “A group of rich countries – just 12% of the global population today – produced half of all greenhouse gases in the past 170 years. A quarter of all emissions came from the United States.”

The message is clear: shame on the United States. It’s a convenient talking point. We’ve been the biggest emitter of carbon in the past, we are the richest nation on earth and can therefore be hit up for reparations.    

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